Payment Systems: A Systems Approach / Edition 5

by Mann

Overview

In Payment Systems, Fourth Edition, luminary commercial law scholar Ronald Mann offers in-depth, forward-thinking coverage that includes traditional topics as well as debit cards, ACH transactions, and Internet payments. Elegantly clear and precise explanations pave the way for well-crafted, hands-on problem exercises that give students practice applying complex concepts in realistic hypothetical scenarios. The modular chapter structure that includes 25 assignments may be easily adapted to a wide range of teaching styles and approaches.

Featured in Payment Systems:

• extraordinary authorship — Mann is one of the country’s leading commercial-law scholars and recently served as the reporter for the amendments to Articles 3 and 4 of the Uniform Commercial Code.
• unparalleled coverage, including not only traditional coverage of negotiability but also:
  • Checks, Credit Cards, Debit Cards
  • Electronic Payments such as ACH Transactions and Wire Transfers
  • Advanced Payments transactions involving letters of credit, documentary drafts, and guaranties
  • Securities

• the System Approach that includes detailed practical explanations of how payment systems actually work, and analysis built around those explanations
• text and problems that focus on the rules that are applied in practice
• problem-based pedagogy — realistic problems that cover the major points that should be mastered for each topic
• flexible modular organization of chapters and assignments
• detailed and up-to-date Teacher’s Manual

New to the Fourth Edition:

• important new cases such as:
  • U.S. Bank N.A. v. HMA, L.C. regarding the interaction among clearinghouse rules, Regulation CC, and the UCC
  • CitiBank v. Mincks, illustrating the limitation of TILA (Truth in Lending Act) to consumer transactions
  • New Century Financial Services v. Dennegar and DBI Architects v. American Express regarding liability for unauthorized use of credit card accounts
  • Winter Storm Shipping v. Thai Petrochemical and Provident Bank v. Regions Bank on the nature of wire transfers

• new and updated problems
• increased coverage of wire transfers
• substantially reorganized and updated chapters on credit enhancement and letters of credit, including both commercial and standby letters of credit, to reflect changes from UCP500 to UCP600

Systematically examining the legal systems that govern payment transactions, Payment Systems, Fourth Edition, is an ideal choice for courses on Payment Systems, Negotiable Instruments, or Commercial Paper. A lifeline for professors teaching this subject for the first time, Ronald Mann’s comprehensive and up-to-date Teacher’s Manual offers guidance for structuring the assignments around a 50-minute, 75-minute, or two-hour long class, as well as answers and analysis for all of the problems in the book.

Product Details

ISBN-13:	9780735507173
Publisher:	Wolters Kluwer Law & Business
Publication date:	03/28/2011
Edition description:	Older Edition
Pages:	592
Product dimensions:	7.30(w) x 10.20(h) x 1.80(d)

Table of Contents

Part I: Payment Systems

Chapter 1. Checking Accounts as the Paradigm Payment System

Chapter 2. Electronic Payments

Chapter 3. Developing Payment Systems

Part II: Credit Enhancement and Letters of Credit

Chapter 4. Credit Enhancement

Chapter 5. Letters of Credit

Part III: Liquidity Systems

Chapter 6. Negotiability

Chapter 7. Securitization

Table of Cases Table of Statutes and Regulations

Table of Uniform Commercial Code

Index